With the easy availability of credit these days, it’s rare to have to save up a significant amount of money to make a purchase. For most, the one exception to this rule is the down payment on a home. Canadian mortgage rules require you to… Read More
Edmonton Real Estate Blog
Sterling Homes Real Estate Blog brings you the latest market news and property listings, as well as tips for buying or selling a home in Edmonton.
Wouldn’t it be nice if you could make money using someone else’s money?
You can! That’s what happens when you take out a mortgage to purchase an investment property. Sure, you need to put some of your own money down for the down payment, but the bulk of your purchase is borrowed. You can then use the income you earn from tenants to pay down the principal balance and build up your equity. Read More
You’ve already achieved your dream of homeownership, and now you’re starting to think about a second home now. Maybe it’s a nice vacation home so that your family can spend the summers relaxing by the beach or the winters hitting the slopes. Maybe you’re looking for a new place to live but realize that your current place is the perfect rental unit. Read More
The Canada Mortgage and Housing Corporation announced a tightening of its underwriting criteria on Thursday. In this article, we will cover what these changes will mean to you, the importance of credit when buying a home, how to boost your credit score, and other great tips on how to qualify… Read More
There’s a lot to think about when it comes to buying a new home, but one of the first things you’ll need to figure out is the down payment. You’ll need to come up with this before the home-buying process can begin. Read More
The COVID-19 crisis has changed so much of everyday life that it’s hard to believe some things are carrying on as normal. You’re concerned about everything going on in the world around you, but the bills still need to be paid. Read More
Canada’s big banks announced this week that those struggling due to the COVID-19 crisis will be able to defer their mortgage payments for up to six months. The deferral will be granted on a case-by-case basis to assist those disrupted by the COVID-19 pandemic. Every situation will be quickly assessed by customer service representatives to come up with a solution that works for each borrower, which may include deferring mortgage payments up to six months. Read More
If you’ve just moved to Canada, you probably still have a bank account with money in it back in your home country. Once you’ve settled down, you want to bring that money with you. There are a few options for doing this, and some of them can be expensive. Learn more about your options and what you need to watch out for. Read More